AT&T Linked to C&W Bid
The Mail on Sunday, citing an anonymous source, says the two operators have held talks about a potential £1 billion (US$1.5 billion) deal. Read the full report here.
When C&W reported encouraging half-year financial results last week, it said it had postponed its plans to demerge the Europe/Asia/U.S. business, which delivers the majority of its revenues. (See C&W Remains United.)
C&W's share price is down 1.5 per cent Monday to 141.3 pence ($2.12) on the London Stock Exchange.
— Ray Le Maistre, International News Editor, Light Reading